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on 2007/9/26 4:40:27
Chief Minster Y S Rajashekar Reddy is yet to give his nod for Anil Ambani’s proposed project in Hyderabad. The project is a 100-storied Twin Towers. Anil Ambani’s Reliance Energy was the highest bidder in the open auction and quoted Rs. 6.57 crore per acre.
But the government is yet to issue the Letter of Intent to the successful bidder. It is being said that Ambani’s close friendship with former UP CM Mulayam Singh Yadav is the reason behind the delay. Mulayam is a bitter critic of the Congress and its chief Sonia Gandhi. And therefore Y S Rajashekar Reddy does not want to offend the party high command by rushing things to accommodate Anil Ambani
